The history and politics behind the Evergrande debt crisis, and new-home sales turn higher, despite record prices

TGIF! Don’t miss these high tales.

A viral TikTok accuses Zillow and its opponents of manipulating the housing market. Right here’s what’s actually happening

No, Zillow isn’t shopping for all of the houses in your neighborhood. However the rise of so-called iBuyers does elevate some regulatory questions. Read More

‘Excessive value and shortage of daycare’ is contributing to labor scarcity, says Cleveland Fed President Mester

One in three child-care facilities is contemplating shutting down throughout the subsequent yr, based on a report from the Nationwide Affiliation for the Schooling of Younger Youngsters. Read More

What to observe for at this weekend’s uncommon Tony Awards: Fewer nominees, however extra intrigue

Broadway’s 2019-20 season was minimize brief by the COVID-19 pandemic, so one appearing class has only one nominee. Read More

Weekend reads: Retirement areas in 6 states

Additionally, when to promote Tesla’s inventory, Robinhood’s IPOs and one other monetary transformation which will spring from blockchain, the know-how behind bitcoin. Read More

New-home gross sales flip larger, regardless of document costs

The median gross sales value of latest homes bought in August was $390,900, matching the all-time excessive. Read More

CFO of main Russian gasoline firm Novatek hit with tax fraud costs in U.S.

Mark Anthony Gyetvay is accused of illegally hiding $93 million offshore to keep away from paying taxes within the U.S. the place prosecutors say he lives. Read More

Fall is the right time to evaluate your funds—here’s a cash to-do checklist it’s best to sort out now

Prefer it or not, this yr shall be over earlier than you recognize it. Monetary consultants suggest taking an in depth have a look at your financial savings and planning for 2022 targets now. Read More

‘A distinct type of ethical hazard’: The historical past and politics behind the Evergrande debt disaster

On this week’s Additional Credit score we additionally discuss staffing shortages on the greatest shopper lender within the nation Read More

Subaru is making an EV. When are you able to get one?

Take a sort-of disguised peek at Subaru’s deliberate electrical automotive, the Solterra, which shares a platform with Toyota’s upcoming bZ4x electrical SUV. Read More

Former Oppenheimer analyst charged with insider buying and selling that netted $8.5 million

A former quantitative analyst for a world asset supervisor was charged with securities and wire fraud for allegedly utilizing nonpublic info to commit insider buying and selling that netted him greater than $8.5 million in revenue, based on a grievance unsealed Thursday in federal courtroom. Read More | The historical past and politics behind the Evergrande debt disaster, and new-home gross sales flip larger, regardless of document costs


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